Evaluating only Superscom’s profile at its peak — without knowing the outcome — the model ranked Competition as the #1 likely cause. Documented cause: Product failure.
Key Events Timeline
FOUNDING
Hay Meller founded Superscom in Israel to provide electronic monitoring services for criminal justice systems.
FUNDING
Secured $80M+ in US state correctional monitoring contracts; NASDAQ listing supported expansion.
REGULATORY ACTION
Multiple US states terminated contracts citing device malfunctions and billing fraud investigations.
SHUTDOWN
Filed for bankruptcy; CEO Hay Meller faced investor lawsuits over misrepresentation of contract pipeline.
Full Analysis
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Documented cause
Superscom, an Israeli electronic monitoring company listed on NASDAQ, raised over $40M and operated ankle monitoring and GPS supervision programs for parolees across US states. In 2019, the company filed for bankruptcy after losing multiple US state correctional contracts worth over $80M due to persistent device failure rates and billing irregularities. CEO Hay Meller faced investor lawsuits alleging misrepresentation of contract renewal probabilities.